Skip to main content

Australia Financial

Bloomberg
Financial

SpaceX's Wireless Threat Rises With Spectrum Deal

SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company's stock breaks above the level it's been stuck below since July. SpaceX is closing in on a crucial swath of spectrum needed to turn the rocket, satellite and AI company into a "major mobile carrier," setting the stage for a clash with stalwarts like T-Mobile US Inc., Verizon Communications Inc. and AT&T Inc. Once the company receives approval from the Federal Communications Commission, it will combine its satellite-to-cell services with a terrestrial network that can connect devices everywhere. For more, we speak with Loren Grush, Bloomberg News Global Space Reporter.

Read more: SpaceX's Wireless Threat Rises With Spectrum Deal
Bloomberg
Financial

Republicans 'Behind the Eight Ball' on Economy, Says Stephen Moore

Stephen Moore, former economic advisor to President Trump and Unleash Prosperity chairman, said that Republicans are 'behind the eight ball' on the economy ahead of the midterms, but notes that there is still plenty of time for voters to make up their minds. Moore said that he wouldn't say the US has a 'great' economy but that it is still 'very strong.'

Read more: Republicans 'Behind the Eight Ball' on Economy, Says Stephen Moore